Vince F.

Quibids is gambling, plain and not so simple. Bidding is offering to pay a price for something. Wagering is something (usually money) risked on an uncertain event. Quibids is not a scam. You buy bids at U.S. $0.60 each, minimum 45 or something, and you use those bids (wagers) to bid on "auctions" (gambling) in hopes to win. Each bid increases the auction price between $. 01 and $. 10 AND end time by 10-20 seconds giving someone else the chance to bid. In the end, the last bidder (because nobody else has bid in time) wins the auction. Sometimes auctions go for $. 01. Do people win things like Apple Ipads for $25? Sure it's possible and are the products real? Yes, I know from experience.

The business model: what you need to realize up front. Every time you bid on something, each bid costs you $. 60. Bids are non-refundable whether you win the auction or not. The winner pays the final price of the auction, usually a small fraction of what the actual price might be, and shipping. Remember that bids are pre-purchased so figure that into the price as well. Shipping and handling is reasonable and in my experience, quick. Lets have an example; I'm currently watching a Bushnell night vision 50x scope up on the block. Original end time was 45 minutes ago but because people keep bidding, the time gets extended. Bids for this auction increase the price by $. 02, current price is $10.46. That's a great price! I researched this item and it routinely sells at retailers for $200+. Remember that only the last bidder is going to pay that price. In the meantime, I've watched many other bidders spend hundreds of bids "wagering" that they will be the final bidder. Many bidders drop out because they are sick that they have simply lost that money or simply run out of bids. Back to our example, how does quibids make money? Let's say that scope sold for $10.46. That's 1046/2 (increment increase) x$. 60 (cost of each bid) or $313.80 + the cost of the auction $10.46 for a total quibids has made of $324.26, get the idea? Remember that only the winner will get the product, all others are out however many losing bids they placed, hundreds and in the case of our example, 522 $. 60 bids. Currently, the scope is up to $13.60.
Is there a strategy for you to win or increase your odds? Sure there are strategies to help but none are sure things. Keep in mind that this is really gambling and you will be better able to work the site to your advantage. Watch the products and understand what a product will sell for so you don't bid un-necessarily low. You might go so far as to watch individual bidders and know how serious a bidder they are. Would you sit next to a card counter and play Blackjack? Some bidders have a computer program that will automatically tell them when to bid based on the 2 factors I just mentioned to increase their chance of winning.
In the end, here are some do's and don'ts:
Do:
Keep in mind this is in reality, gambling.
Have a limit on how many bids you're willing to spend on an item and stick with it.
Have a strategy for each item.
Start small and have fun.
Don't:
Spend money (especially on buying bids) you can't afford to lose!
Bid on buying more bids.
Think your going to win that laptop your first trip out.